Bank of Kigali office in Kenya shut
Business
By
Sharon Wanga
| Apr 05, 2024
The Central Bank of Kenya has announced the closure of the Bank of Kigali representative office in Kenya, starting April 2, 2024.
The decision was arrived at following a meeting with Bank of Kigali Group Plc, the parent company, agreeing to lay their focus on digital service delivery.
The bank will cease operation in Kenya effective April 2, CBK stated.
Bank of Kigali's office was first established in Kenya in February 2013.
Headquartered in Kigali, it was founded in 1966 and has been operating legally.
READ MORE
Jilted lover attacks woman in Bungoma
Pilot, co-pilot killed in LaGuardia runway collision
A free lecture for those who want professors to retire early
How NARC resuscitated imperial presidency that Kenyans loathed
KNEC opens KCSE registration for 8-4-4 candidates
Family calls for justice over woman's murder
How Kenya missed out on Sh125b World Bank project
From austerity to handouts: Ruto's Sh4.7tr pre-election budget to appease Kenyans
Kenya's school categorisation gives us a false sense of unity
According to CBK, the Rwandan government controls majority shareholding in the bank.
Bank of Kigali is also cross-listed on the Nairobi Securities Exchange (NSE).